东芯半导体股份有限公司 关于召开2025年第二次临时股东会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 证券代码：688110 证券简称：东芯股份 公告编号：2025-049 至2025 年 9 月 16 日 （一） 股东会类型和届次 2025年第二次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 9 月 16 日 14 点 00 分 召开地点：上海市青浦区徐泾镇诸光路 1588 弄虹桥世界中心 L4A-F5 东芯 半导体股份有限公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 9 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00- ...

Group 1 - The company announced on August 31 that it plans to invest in Shanghai Lishuan alongside Hengtong Group Co., Ltd., a fund managed by Shanghai Daohua Long-term Investment Management Co., Ltd., and other investment entities [1] - The total investment amount from all investors is approximately 500 million yuan [1] - The company intends to use its own funds of approximately 210.53 million yuan to increase its capital in Shanghai Lishuan, acquiring about 35.87% equity after the capital increase [1]

Core Viewpoint - Dongxin Co., Ltd. (688110.SH) announced a joint investment of approximately 500 million RMB in Shanghai Lishuan, indicating a strategic move to enhance its capabilities in GPU chip development and align with its integrated strategy of "storage, computing, and networking" [1] Investment Details - The total investment amount from all investors is around 500 million RMB, with Dongxin contributing approximately 211 million RMB from its own funds [1] - After the capital increase, Dongxin will hold about 35.87% of the equity in Shanghai Lishuan, which will receive an additional registered capital of approximately 809,900 RMB [1] Company Focus - Shanghai Lishuan primarily engages in the research and design of multi-level (scalable) graphic rendering GPU chips, emphasizing self-developed architecture [1] - The products are designed to achieve mainstream graphic rendering and AI acceleration across edge, cloud, and terminal environments, aiming to address the critical issue of achieving a fully controllable domestic mainstream GPU architecture [1]

Core Viewpoint - The company is experiencing significant stock price volatility, leading to a temporary suspension of trading to conduct a review of the situation [1][2][4]. Stock Trading and Suspension - The company's stock will be suspended from trading starting August 29, 2025, for a period not exceeding three trading days due to abnormal trading fluctuations [2][6]. - From July 29, 2025, to August 28, 2025, the company's stock price increased by 207.85%, with an average turnover rate of 11.77%, significantly higher than previous levels [2][4]. Financial Metrics - As of August 28, 2025, the closing price of the stock was 118 CNY per share, with a rolling P/E ratio of 53.35 for the industry, while the company's rolling P/E ratio is currently negative [4][6]. Risks Associated with New Product Development - The company faces several risks related to the development and commercialization of its new GPU products, including: - **Industrialization Progress Risk**: Delays in market entry could impact revenue realization and cash flow [5]. - **Market Competition Risk**: The GPU market is dominated by major players like NVIDIA and AMD, posing challenges for the company's products [5]. - **Product Concentration Risk**: The company's reliance on a single product, the "7G100" GPU, could lead to significant financial impact if it fails to gain market acceptance [5][6]. Overall Business Risks - The company is exposed to performance risks if its products do not meet market demands or cost control measures are ineffective [6]. - Continuous investment in R&D is necessary to maintain competitiveness, and failure to secure funding could hinder the company's growth and sustainability [6].

每经AI快讯，8月29日，上交所发布消息，2025年8月25日至2025年8月29日，上交所对292起拉抬打 压、虚假申报等证券异常交易行为采取了书面警示、暂停交易等监管措施，对*ST亚振、*ST苏吴等异 常波动风险警示股票，以及东芯股份、上纬新材等严重异常波动股票进行重点监控，对34起上市公司重 大事项等进行专项核查，向证监会上报涉嫌违法违规案件线索1起。 ...

2025年8月25日至2025年8月29日，上交所对292起拉抬打压、虚假申报等证券异常交易行为采取了书面 警示、暂停交易等监管措施，对*ST亚振、*ST苏吴等异常波动风险警示股票，以及东芯股份、上纬新 材等严重异常波动股票进行重点监控，对34起上市公司重大事项等进行专项核查，向证监会上报涉嫌违 法违规案件线索1起。 ...

New Stock Offerings - Fushun Special Steel (600399) has a tender offer period from August 12, 2025, to September 10, 2025[1] - Dongxin Co., Ltd. (688110) reported severe abnormal fluctuations on August 16, 2025[1] - Broadcom Integrated (603068) announced abnormal fluctuations on August 29, 2025[1] Market Alerts - ST Guohua (000004) and ST Gohong (000851) both reported abnormal fluctuations on August 29, 2025[1] - ST Huayang (603825) and ST Zhongji (000972) also indicated abnormal fluctuations on August 29, 2025[1] - ST Yanzhen (603389) reported abnormal fluctuations on August 26, 2025[1] Company Announcements - Zhaoxin Technology (603377) announced abnormal fluctuations on August 27, 2025[1] - Longyang Electronics (301396) reported significant fluctuations on August 28, 2025[1] - ST Dongshi (603377) indicated abnormal fluctuations on August 22, 2025[1]

Core Insights - Dongxin Semiconductor Co., Ltd. has recently disclosed its latest research meeting minutes, highlighting significant interest from 162 institutions, including China Electronics Technology Group and Point 72, regarding its GPU subsidiary, Lishuan Technology [1][2] Group 1: Company Overview - Dongxin Semiconductor participated in a teleconference with major institutions, showcasing its strategic partnerships and investment in Lishuan Technology, a GPU manufacturer [1] - The company holds a 37.88% stake in Lishuan Technology after a capital increase of 200 million yuan in 2024 [2] Group 2: Product Development - Lishuan Technology's 7G100 series GPU is undergoing testing with promising results, demonstrating strong performance in benchmarks and potential for commercial viability [2][3] - The 7G100 series GPU has achieved scores of 26,800 in FireStrike and 2,268 in Steel Nomad, outperforming NVIDIA's RTX 4060 in certain tests [3] Group 3: Market Response - Following the product launch event on July 26, Dongxin's stock price surged, reaching a market capitalization exceeding 50 billion yuan, with a more than 200% increase since July 29 [5] - The company announced a trading suspension for its stock starting August 29 due to abnormal trading fluctuations [6][8]

Market Overview - The three major A-share indices opened mixed on August 29, with all indices showing positive performance by the time of reporting. The ChiNext Index rose over 1% [1] - The Shanghai Composite Index was at 3858.97, up 0.40%, the Shenzhen Component Index at 12643.81, up 0.58%, and the ChiNext Index at 2857.88, up 1.09% [2] Sector Performance - Active sectors included fiberglass, insurance, real estate development, precious metals, and composite materials, while sectors such as automotive services, semiconductors, and AI chips showed declines [2] - In the Hong Kong market, both the Hang Seng Index and the Hang Seng Tech Index were positive, with major financial stocks stabilizing and rising, such as New China Life Insurance and Guotai Junan International, which both increased over 6% [2] Semiconductor Sector - Semiconductor stocks experienced a downturn at the market's opening, with Cambrian Technology falling over 7% and several other stocks like North Huachuang and Shengke Communication also declining by over 6% [3] Solid-State Battery Sector - Solid-state battery concept stocks showed an upward trend, with companies like Hanke Technology hitting the daily limit and Jebang Technology reaching new highs. Other companies in this sector, such as Xian Dao Intelligent and Zhongyi Technology, saw increases of over 10% [7] - Xian Dao Intelligent reported a net profit of approximately 740 million yuan for the first half of 2025, a year-on-year increase of 61.19%, with a significant second-quarter growth of 456.29% [8] Alcohol Sector - The liquor sector continued to rise, with Jin Hui Jiu hitting the daily limit and other companies like She De Jiu Ye and Lao Bai Gan Jiu also experiencing gains [9] Building Materials Sector - The building materials sector saw gains, with China Jushi hitting the daily limit and other companies like Zhongcai Technology and Shandong Fiberglass also rising [10] Company Announcements - Cambrian Technology issued a risk warning regarding its stock price, which had increased by 133.86% compared to the closing price on July 28, 2025, indicating a potential disconnect from its current fundamentals [4] - Dongxin Co. announced a temporary suspension of trading due to abnormal stock price fluctuations, with a planned resumption within three trading days [5] - Tianpu Co. has been under regulatory scrutiny following a series of trading halts and received multiple regulatory letters regarding its control transfer and related matters [13][14]

Core Viewpoint - Dongxin Semiconductor Co., Ltd. (东芯股份) has recently disclosed its latest research meeting notes, highlighting significant interest from various institutional investors regarding its GPU subsidiary, Lishuan Technology (砺算科技) [1][2]. Group 1: Company Overview - Dongxin Semiconductor participated in a conference call with 162 institutions, including China Electronics Technology Group Corporation and Point72, to discuss its business and future prospects [1]. - The company holds a 37.88% stake in Lishuan Technology after a capital increase of 200 million yuan in 2024 [2]. Group 2: Product Development - Lishuan Technology's 7G100 series GPU is undergoing testing with clients and media, showing promising performance in mainstream benchmarks, capable of running large 3A games and AI models [2][3]. - The 7G100 series is fully self-developed, featuring a proprietary architecture and software stack, achieving competitive performance metrics compared to NVIDIA's RTX 4060 [3]. Group 3: Market Performance - Following the launch of the 7G100 series, Dongxin Semiconductor's stock price surged, with a more than 200% increase since July 29, 2025, reaching a market capitalization exceeding 50 billion yuan [5]. - The company announced a trading suspension for its stock on August 29, 2025, due to multiple instances of abnormal trading fluctuations since July 29, 2025 [6][8].